Bankruptcy News Articles

50 Cent Instagram 50 Cent Instagram: Images Of Cash Posted On Instagram Orders Rapper Back To Bankruptcy Court

A 50 Cent Instagram has prompted a bankruptcy just to order the rapper back to court. The Instagram photos clearly shows stacks of cash everywhere in his house, including his bedroom, refrigerator, and living room, according to Yahoo News. 50 […]

New Casino Bankruptcy Court Approves Protection

New Casino in Atlantic City is about to enter bankruptcy protection just over a year after opening because the their earnings have dropped 40 percent and business is only getting worse. Revel took in just over $8 million last month, […]

Oreck: Bankruptcy Only Option In 2013

Oreck Corp., known for its lightweight vacuum cleaners, announced has filed for Chapter 11 bankruptcy protection. The Filing is an effort to sell the company and daily operations will continue without interruption. A Chapter 11 filing will allow Oreck to […]

Stockton Bankruptcy Delays Public Employees Retirement

Stockton is eligible for bankruptcy protection after Wall Street creditors claimed the city was not, and it’s a battle over employee pensions while reorganizing its debt. U.S. Bankruptcy Judge Christopher Klein found that the California city can move forward, but […]

Toni Braxton Retires From Music Following Eight Grammy Awards, Bankruptcy

Toni Braxton announced that she’s focusing on her film career, which means she retires from the music industry because her heart isn’t in it anymore. She made the announcement on Friday’s Good Morning America. “It’s not affecting me, making me […]

Gary Busey Bankruptcy: Actor Still Hasn’t Settled His Taxes

Gary Busey’s bankruptcy has been settled but will still have to pay his taxes. The struggling actor claimed he was over $500,000 in the hole to creditors. However, $451,297.33 of the $508,600.96 he owed was state and federal taxes, that […]

Hostess Managers 75 Percent ‘Bonus Plan’ To Help Close Company

Hostess Brands is looking to give their managers a bonus of up to 75 percent of their annual pay so they will stay on and help close down the company, but the U.S. Trustee, an agent of the U.S. Department […]